April 2008 sales statistics

Posted at 3:43 PM, May. 6, 2008

April this year turned out pretty much as expected. The buyer traffic has been way off during what is traditionally our peak time. So when we see the numbers for April (most of which are for escrows opened in March), we are only confirming what we really knew. The market is spotty at best. Some escrows, some closings, some buyers, but not the activity that is anticipated for this time of the year. Now for the numbers: There were 4 LAND closings in April for a total of $$405,500. In 2007, there were 9 closings for a total of $2,078,300. There were 2 residential closings in April 2008 totaling $1,385,500 versus 4 the year before totaling $1,715,000. In truth, I think we are seeing more activity already in May which is a bit unusual. Maybe the tide is turning ever so slowly!